WeBuy Global Ltd. (NASDAQ:WBUY) Sees Significant Growth in Short Interest

WeBuy Global Ltd. (NASDAQ:WBUY) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 282,008 shares, an increase of 172.5% from the September 15th total of 103,486 shares. Based on an average daily trading volume, of 3,455,185 shares, the days-to-cover ratio is presently 0.1 days. Approximately 5.1% of the company’s stock are short sold.

WeBuy Global Stock Up 10.1%

NASDAQ:WBUY traded up $0.08 during trading hours on Tuesday, hitting $0.90. 19,689,844 shares of the company were exchanged, compared to its average volume of 2,479,673. WeBuy Global has a 52-week low of $0.62 and a 52-week high of $4.96. The company’s 50 day moving average price is $0.85 and its 200-day moving average price is $0.95.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded WeBuy Global from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of “Sell”.

WeBuy Global Company Profile

WeBuy Global Ltd. operates an e-commerce platform focused on making Korean consumer products available to customers outside South Korea. Through its online marketplace, the company offers products across categories such as Korean food, beauty and personal care, fashion, household goods, and lifestyle merchandise.

The company’s business is centered on cross-border retail, connecting international consumers with Korean brands and products. Its platform is designed to support online purchasing and delivery for customers in overseas markets, although the company’s specific geographic coverage and product assortment may vary over time.

WeBuy Global is listed on the Nasdaq Capital Market under the symbol WBUY.